RBI turns heat on banks to check bad loans

Last updated: 13 October 2011

Following the recent downgrade of the countrys largest lender State Bank of India by credit rating agency Moodys Investor Services, the Reserve Bank of India (RBI) has asked banks to focus on recovery and follow a stringent credit appraisal procedure. The RBI has asked banks to remain cautious
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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